Exchanges remove commission for trading in pairs with USDT

Exchanges remove commission for trading in pairs with USDT
CONTENT

  • EXMO announced the cancellation of the commission

  • Cancellation of the commission will contribute to the development of trading

  • Binance users complain about high fees

International consortium of news organizations developing transparency standards.

Several cryptocurrency exchanges have decided to introduce a zero commission for trading in pairs with USDT. This is done in order to stimulate trading in stablecoins and cryptocurrencies, since this pair is the most demanded in the market..

Exchanges remove commission for trading in pairs with USDT

EXMO announced the introduction of zero commission

 

As representatives of the exchange explained in an exclusive comment for BeInCrypto, this is not a temporary promotion, but a strategic decision that will make it even more profitable to trade large volumes of cryptocurrency and stablecoins..

For some part of the audience, the important steps taken by the exchange to legitimize in the legal European financial field – obtaining bank accounts and licenses – do not really matter. In addition, this audience trades in small volumes and is guided by the prices of Asian exchanges. Therefore, we decided to remove the commission for trades in pairs with USDT in order to change the commission grid to be beneficial for everyone, – said in EXMO.

Exchanges remove commission for trading in pairs with USDT

Users are unhappy with the high fees on CoinBase

 

A few weeks ago, users of the CoinBase cryptocurrency exchange complained in the thematic Reddit community about the prohibitively high commission for deposit / withdrawal of funds, as well as trading operations. According to the clients of the crypto exchange, such commission rates are unjustified..

BeInCrypto compared the commission for trading with Bitcoin on other cryptocurrency platforms:

– Binance – 0.1% – 0.004% for the taker and 0.1% – 0.02% for the maker;

– EXMO – 0%;

– KuCoin – 0.1% – 0.03% for the taker and 0.15% – 0% for the maker;

– Localbitcoins – 0% – 1%. The commission is paid by the creator of the application;

Exchanges remove commission for trading in pairs with USDT

– Bittrex – 0.25%;

– Yobit – 0.2%.

Recall that earlier cryptocurrency exchanges did increase the commission for the withdrawal of bitcoin during the period of its fall. The platforms simply could not promptly process orders, which poured in at the moment when the value of BTC dropped to a minimum level of $ 3800. At the moment, exchanges work in a standard mode and do not increase commission.

 

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